Jan 2 2024, 02:56 PM
QUOTE(adzleazhar @ Jan 2 2024, 02:43 PM)
Hi!,
Currently im working with monthly income RM5600, then i got side income RM2500 as advisor for my friend businesses.
Here is my question.
1) Currently im only declare tax for my full time job income. Should i do the same for my side income?
2) If i declare my side income, is there any possibilities my bank loan will increase due to my total income 5600+2500 or bank will consider 5600 as my only income?
Thank you.
Currently im working with monthly income RM5600, then i got side income RM2500 as advisor for my friend businesses.
Here is my question.
1) Currently im only declare tax for my full time job income. Should i do the same for my side income?
2) If i declare my side income, is there any possibilities my bank loan will increase due to my total income 5600+2500 or bank will consider 5600 as my only income?
Thank you.
QUOTE(Natsukashii @ Jan 2 2024, 02:45 PM)
1) Yes
2) No
2) No
QUOTE(jamesteoh8177 @ Jan 2 2024, 02:49 PM)
MOF will say thank you for payming more thanks. while the banks only sees ur RM5600 and screws ur RM2500
quite inaccurate info.for No.2
u need to provide these
1. the offer letter to appoint u as advisor
2. better is perma 1
3. transaction detail, u received the payment min3month
better 6 months.
i can guarantee tell you most bank would consider
some would take it 50%
some would take it 30%
depend underwriter.
rental inome
mlm parttime income
online selling income
freelancing income
all are income
bank love proper presentation.
it indicate they are dealing with professional
but if b40 mindset auto assume bank malas layan pumya.....
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